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CC Resolution 2007-044 RESOLUTION NO. 2007-044 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, GRANTING AN EXTENSION OF TIME FOR THE COMPLETION OF THE ON-SITE IMPROVEMENTS AS SPECIFIED IN THE APPROVED SUBDIVISION IMPROVEMEN:T AGREEMENT TO APRIL 15, 2008 FOR TRACT MAP NO. 30023-7, TRILOGY, SHEA LA QUINTA, LLC WHEREAS, the City Council approved the Subdivision Improvement Agreement (SIAl for Tract Map No. 30023-7, Trilogy, Shea La Quinta, LLC on April 7,2006;and WHEREAS, Section 6. Completion of I mprovE>l"!le!1ts , of the approved SIA requires that the Subdivider begin construction of thl~ improvements within ninety days and complete the construction within twelve months after the approval of the AgreElment; and WHEREAS, failure by the Subdivider to complete construction of the improvements by April 7, 2007, shall constitute cause for the City, in its sole discretion and when it deems necessary, to declare the Subdivider in default of the approved agreement; and WHEREAS, Section 8. Time Extension, of the approved SIA allows for, at the City Council's sole and absolute discretion, an extens.ion of time for completion of the improvements with additions or revisions to the terms and conditions of the Agreement. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of La Quinta, California, as follows: Section 1. The time for the completion of on-site improvements as required by thl~ approved SIA is extended to April 15, 2008. Section 2. The time extension for completing the on-site improvements shall expirEl when City offices close for regular business on April 15, 2008. If the Subdivider has not completed the improvements, the City, in its sole discretion and when deems necessary, may declare the Subdivider in default of the Agreement. Section 3. The provided security amount as required in the approved SIA is satisfactory. No additional securities are required. Resolution No. 2007.044 Tract Map No. 30023-7. Trilogy, Shea La Guinta. LlC Adopted: May 15. 2007 Page 2 Section 4. All other terms, responsibilities and conditions as listed in the approved SIA shall remain in full force and effect. PASSED, APPROVED and ADOPTED at a regular meeting of the La Quinta City Council held on this 15th day of May 2007, by the following vote, to wit: AYES: Council Members Henderson, Kirk, Osborne, Sniff, Mayor Adolph NOES: None ABSENT: None ABSTAIN: None DON AD LPH, ayor City of La Quinta, California ATTEST: TECINO, CMC, City Clerk ta, California VERONICA J. City of La Qui (City Seal) APPROVED AS TO FORM: